Market news
Crypto, stocks, forex and macro, aggregated for traders.
Asia-Pacific Equities Rise on Wall Street Lead, Easing Inflation, Trump's Hormuz Fee Withdrawal
Asia-Pacific stocks advanced Monday, tracking a positive Wall Street session after weaker-than-expected US inflation data reduced expectations for further Fed tightening. Sentiment was further boosted by President Trump's decision to drop a proposed 20% fee on vessels passing through the Strait of Hormuz.
Asian Markets Surge on Softer US Inflation Data, Tech Stocks Lead
Asian markets advanced after weaker-than-expected U.S. inflation data boosted global risk sentiment and reduced expectations of an imminent Federal Reserve rate hike. South Korea's KOSPI surged 6%, led by a strong rebound in technology stocks, while Japan and Australia also posted gains.
Rio Tinto Maintains Copper Guidance, Cites Higher Diesel Costs for Iron Ore
Rio Tinto has kept its full-year copper production guidance unchanged and stated that the Middle East conflict has not materially affected operations. However, higher diesel prices have pushed up costs at its Pilbara iron ore operations.
Rio Tinto Q2 Copper Output Falls 7% on Utah Smelter Outage
Rio Tinto reported a 7% sequential decline in second-quarter copper production due to an unplanned outage at its Kennecott smelter in Utah, with repairs expected to take about six months.
JoinProp Selects The Trading Pit as Official Partner for Its $200,000 Trading Challenge Giveaway
JoinProp named The Trading Pit the official partner for its $200,000 challenge-account giveaway, with the winner to be drawn in early September 2026.
Trump Says US Pressed Iran to Reach Agreement, Cites Iran's Depleted State
US President Donald Trump stated that the US has pressed Iran to reach an agreement, noting that Iran retains some resilience but is largely depleted. He emphasized that he will preserve energy objectives in Iran until the end.
Gold Holds Near $4,050 as Softer US Inflation Tempers Fed Hike Expectations
Gold held near $4,050 an ounce after softer-than-expected US inflation reduced expectations of a near-term Fed rate hike. Fed Chair Kevin Warsh said rate hikes remain an option, while Middle East tensions and higher oil prices pose upside inflation risks.
Trump Says U.S. Struck Iran's Kharg Island Two to Three Times
Former President Trump stated that the U.S. has struck Iran's Kharg Island two to three times and ordered strikes on everything except within 25 yards to protect the world economy, also signaling openness to taking the island if Iran is sufficiently degraded.
Gold Rises to Near $4,050 on Softer US CPI Data
Gold price climbed to around $4,050 during Asian trading on Wednesday, rebounding after softer-than-expected US inflation data increased expectations for a less hawkish Federal Reserve.
ASIC Fines NAB WealthHub A$1.055M for Data Failures Over 10 Years
Australia's ASIC penalized NAB's WealthHub Securities A$1.055 million for failing to provide complete and accurate regulatory data over 9.5 million times between July 2014 and October 2024.
Big Banks Rally as Soft CPI Boosts Bonds, but Weak Breadth Signals Market Risks
Markets welcomed a soft CPI print and solid bank earnings, but poor breadth highlights underlying fragility.
Trump Threatens Iranian Infrastructure if Talks Fail
President Trump warned the U.S. will target Iranian power plants and bridges next week if Tehran does not agree to negotiations, and said strikes will continue until he decides to stop.
Trump Threatens to Bomb Iranian Power Plants and Bridges
President Trump warned that the U.S. will bomb Iranian power plants and bridges next week unless Iran agrees to negotiate.
Trump Offers Iran Negotiation Option, Threatens Escalation
Former President Trump stated he will not strike Iran if Tehran agrees to negotiate, but he plans to conduct airstrikes tomorrow night and target Iran's power plants, bridges, and energy sites in the coming days.
IBM plunges 25% in worst single-day drop since 1968, erasing $100B in market cap
IBM shares fell 25% on Wednesday, their steepest daily decline since 1968, erasing over $100 billion in market value. The drop comes just 42 days after the stock hit an all-time high.
US CPI Cools More Than Expected, Inflation Story Incomplete
Consumer Price Index came in cooler than expected, driven by falling oil prices, but the full inflation picture remains complex.
Indian Silver Import Duty Sparks Shortage, Premiums Surge
An increase in India's import duty on precious metals has caused a physical silver shortage, pushing local premiums to six-month highs.
U.S. Stocks, Bonds Rally on Soft CPI; Crude Oil Gains
U.S. equities and Treasuries rose after June CPI came in softer than expected, reducing bets on a near-term Fed rate hike. Crude oil climbed but stayed below $80 a barrel after Trump abandoned plans for a Strait of Hormuz shipping fee.
LNG Canada Secures C$1B Investment for Phase 2 Expansion Storage Tank
LNG Canada has signed an agreement with MNT Investments LP for up to C$1 billion to fund a majority stake in a special purpose entity that will purchase a storage tank for the proposed Phase 2 expansion. A final investment decision on the expansion is targeted by the end of 2026.
US Treasury Sanctions Hong Kong Shipping Firm Tied to Iran
The U.S. Treasury has sanctioned Hong Kong-based Sai Wan Shipping Limited along with other entities and vessels linked to Iran, while also authorizing certain transactions for wind-down purposes.
Silver Miner Forced Production Cut Due to China Safety Crackdown
A silver miner reports a forced production cut due to a mine-safety crackdown in China, not price factors, marking the first such disclosure this cycle.
Record $110B Foreign Outflow from South Korean Stocks
Foreign investors have sold a record $110 billion in South Korean equities year-to-date, more than double the previous full-year record. June alone saw $31 billion in outflows, the largest monthly figure on record.
Fed Chair Warsh Testifies as June CPI Posts Steepest Monthly Drop Since April
Federal Reserve Chair Warsh faced mandatory congressional testimony on Tuesday, as data showed June's CPI fell 0.4% month-on-month — the sharpest decline since April.
Iran: Mine Clearance in Northern Hormuz Strait, Old Route Still Mined
Iran's Deputy Foreign Minister Gharibabadi announced that IRGC naval forces have conducted mine clearance in the northern Strait of Hormuz under an agreement, but the old route remains mined.